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Stocks plummet for third straight session

Stocks witnessed yet another steep fall for the third straight session on Monday, as shaky investors continued to dump their shares, fearing further drop in the coming days.Market operators said investors continued their selling binge amid lack of confidence coupled with liquidity crisis in the money market.DSEX, the prime index...

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DSE approves Coppertech listing

The country's premier bourse has approved the proposal for listing of the much-talked-about Coppertech Industries, subject to the regulatory 'waiver' of a rule regarding the timeframe for the listing of a company.The approval came at a board meeting of the Dhaka Stock Exchange (DSE) at its office on Monday, said...

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Ten cos account for 21pc turnover on DSE

Ten most traded companies accounted for 21 per cent transactions on the Dhaka Stock Exchange (DSE), with the Fortune Shoes leading the turnover chart for the fourth straight session on Monday.Market insiders said the news that the Fortune Shoes signed an agreement with New York-based Steve Madden for export of...

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Sensex tanks 306 points as financials drag

Extending their losing streak to the third session in a row, the Indian stock market ended lower on Monday with the frontline indices tumbling nearly a per cent amid selling in bluechip counters such as HDFC duos, Bajaj Finance, Hindustan Unilever (HUL) and ITC, reports business-standard.com.The S&P BSE Sensex lost...

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Iflix bags $50m in funding ahead of potential IPO

Video-streaming platform iFlix has raised over US$50 million in a round anchored by global asset manager Fidelity International ahead of a potential initial public offering, reports techinasia.com.Regional media companies such as Indonesia's MNC, Japan's Yoshimoto Kogyo, and South Korea's JTBC also participated in the round.Iflix said the investment will allow...

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Fawry to offer 36pc stake in Egyptian IPO

CAIRO, July 22 (Reuters) - Egyptian digital payments company Fawry plans to list 36 per cent of its shares on its domestic stock market, investment bank EFG Hermes said on Sunday.The offering will include a private placement for institutional investors and an initial public offering (IPO) for retail investors in...

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European stocks mixed

European stocks were mixed Monday afternoon as investors digested a fresh batch of corporate results, reports CNBC.The pan-European Stoxx 600 hovered about the flatline in trade, with sectors and bourses trading in opposite directions.In corporate news, Dutch health technology company Philips surged toward the top of the index after a...

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News Briefs (23-07-2019)

AMM Moyen Uddin, SEVP & Head, Information Technology Division, Dhaka Bank Limited, and Rahad Hossain, Country Manager, Infobip, exchanging documents of an agreement between the two organisations in presence of Syed Mahbubur Rahman, Managing Director & CEO of Dhaka Bank, at the bank's corporate office in the city recently Dhaka...

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IFIL won Asian Banking & Finance Award-2019

Islamic Finance and Investment Limited (IFIL) won the Asian Banking & Finance Award-2019 as 'The Finance Company of The Year-Bangladesh 2019'. The photo shows AZM Saleh, Managing Director & CEO of IFIL, receiving the award at a ceremony in Singapore recently

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279th meeting of the Board of Directors of Pragati Insurance

Syed M Altaf Hussain, Chairman of Pragati Insurance Ltd., presiding over the 279th meeting of the Board of Directors of the company at its head office in the city on Sunday. Among others, former chairman Abdul Awal Mintoo, Directors Md Syedur Rahman Mintoo, Md Mushfiqur Rahman, Nasir Latif, Independent Director...

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Prof Dr Md Salim Uddin Chairman Executive Committee of IBBL

Prof Dr Md Salim Uddin, Chairman, Executive Committee of Islami Bank Bangladesh Limited, and also Chairman, Bangladesh House Building Finance Corporation, speaking as the resource person at a programme on 'The Sustainable Development Goals - SDGs: A Universal Call for Transforming our World', organised by the Chattogram Branch Council of...

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